<h1>SFIO Partners with NIELIT and FIU to Boost Fraud Detection with New Forensic Lab and Prediction Model.</h1> The Serious Fraud Investigation Office (SFIO) of India's Ministry of Corporate Affairs has signed two Memorandums of Understanding to enhance its fraud detection capabilities. One agreement with the National Institute of Electronics and Information Technology involves setting up a forensic lab in New Delhi to aid in investigating complex fraud cases. Another agreement with the Financial Intelligence Unit, India, focuses on exchanging banking transaction information to develop a fraud prediction model. The forensic lab project, costing approximately Rs. 3.80 Crore, is expected to be operational within the current financial year, as reported to the Rajya Sabha.